MERCOSUR

Mercosur is an acronym for ...

Mercosur was founded in 1991 based on the ...

THese countries are full members of Mercosur.

• Argentina, Brazil, Bolivia and Uruguay.

• Argentina, Brazil, Paraguay and Uruguay.

• Argentina, Brazil, Paraguay and Venezuela.

• Brazil Chile, Paraguay and Uruguay.

These countries are associate members of Mercosur.

• Brazil, Colombia, Ecuador and Peru.

• Chile, Colombia, Bolivia and Peru.

• Chile, Colombia, Ecuador and Venezuela.

• Chile, Colombia, Ecuador and Peru.

Associate members have signed a free-trade treaty with Mercosur, and they have the same advantages as the full members.

• TRUE

• FALSE

The Treaty of Asunción has rules related to the respect for ... and the search for economic development.

Venezuela was suspended because they didn't follow the rules of the Treaty of Asunción, which relates to the respect for democracy.

• TRUE

• FALSE

Each country agrees not to tax or restrict imports from the other three.

• customs union

• full common market

• free-trade zone

All members charge the same tariffs on imports from non-member countries.

• customs union

• free-trade zone

• full common market

Money and labour as well as goods flow freely across the members' borders.

• free-trade zone

• customs union

• full common market